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Setting Up Your Payment Method

Quickly link your bank or credit card and enjoy smooth transactions

Dani from Anchor avatar
Written by Dani from Anchor
Updated over 10 months ago

With Anchor, you can pay for services automatically, without hassle.

To do so, all you have to do is add a payment method during the proposal approval process:

  • You can instantly link your bank account with Plaid, which lets you quickly and securely connect your bank account using your bank credentials, or using routing and account numbers. If you choose to manually verify your bank account, Plaid will transfer and withdraw a small verification amount.

  • Alternatively, you can use your credit card directly and add your details.

Once a proposal has been approved, you can edit or update the payment method in the dedicated tab of the agreement.

Connecting a Credit Card

Select the credit card option, and simply enter your details.

Connecting Bank Account

Once you click on 'Connect bank account', a Plaid connection will be prompted.

Select one of the following options:

  1. Instant Authentication: Just enter your banking credentials, and voila!
    Your bank account is connected instantly.

  2. Manual Micro-deposits: Simply enter your account and routing numbers.

    1. Plaid will send a single deposit of $0.1 which could take one to two business days.

    2. Once received, return to Anchor and enter the three-letter code provided
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  3. Automated Micro-deposits: Provide your credentials, account number, and routing number. For banks that support this option, Plaid will then make one deposit to verify your account, which could take one to two business days.

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